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On December 3 1 , 2 0 2 0 , Extreme Fitness has adjusted balances of $ 8 0 0 , 0 0 0 in
On December Extreme Fitness has adjusted balances of $ in Accounts Receivable and $ in Allowance for Doubtful Accounts. On January the company learns that certain customer accounts are not collectible, so management authorizes a writeoff of these accounts totaling $
Required:
a What amount would the company report as its net accounts receivable on December
b Prepare the journal entry to write off the accounts on January
c Assuming no other transactions occurred between December and January what amount would the company report as its net accounts receivable on January
c Has net accounts receivable changed from December
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Assuming no other transactions occurred between December and January what amount would the company report as its net accounts receivable on January
Net Accounts Receivable
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